Trump throws a temper tantrum after tariff loss
Key Points:
- The Supreme Court struck down President Trump's tariffs in a 6-3 decision, with Chief Justice John Roberts ruling that only Congress has the constitutional authority to impose taxes, including tariffs, not the president.
- Trump reacted angrily, criticizing conservative justices Roberts, Gorsuch, and Barrett as disloyal and accusing the court of bias, while vowing to pursue alternative, more limited tariff authorities.
- The ruling threatens about $15 billion per month in tariff revenue, which had been used to offset tax cuts, potentially increasing the federal deficit but with limited immediate market impact.
- The decision leaves unresolved whether businesses that paid the tariffs can receive refunds, delegating that issue to lower courts, with trade experts expressing confidence in a